10 Market Place, Penzance, Cornwall

THE LOCATION
10 Market Place occupies a prominent and highly visible position in the heart of Penzance town centre, within the established retail and commercial pitch of Market Place. The property benefits from strong pedestrian footfall and excellent accessibility, being situated close to a range of national and independent retailers, cafés, and professional services. Penzance serves as the principal commercial hub for West Cornwall, with good transport links via the A30 and mainline rail services connecting to Truro, Plymouth and London Paddington, making it an attractive location for both local and regional operators.

THE PROPERTY
The property is a well-presented Grade II Listed commercial building with double aspect, arranged over ground and two upper floors. The ground floor provides an open-plan retail area with an attractive frontage onto Market Place, offering excellent window display and natural light. The upper parts offer office accommodation and storage rooms. The premises benefit from a traditional layout suitable for a variety of uses (subject to the necessary consents) and represents a versatile opportunity for office occupiers or retailers seeking a central and prominent trading position.

PLANNING
Planning Use Class E (Commercial, Business & Service).

CEPC
Energy Performance Rating: C (52).

LEASE TERMS (PROPOSED)
Rent: £20,000 + insurance, business rates and utilities.
Fully repairing & insuring.
Term: to be agreed, but 5 + years sought by the client.

BUSINESS RATES
Current Rateable Value: £18,000 (from 1 April 2026). Interested parties are advised to verify the exact rates liability with Cornwall Council.

LEGAL COSTS
Each party to bear their own legal costs.

CODE FOR LEASING BUSINESS PREMISES
Laskowski & Co advise all interested parties to seek professional advice prior to entering a commercial lease. We refer prospective tenants to the RICS Code for Leasing Business Premises, 1st Edition.

VAT
VAT is not applicable.

SERVICES
We understand electricity, water, internet and drainage are connected to the property.

ACCOMMODATION (ALL DIMENSIONS AND AREAS ARE APPROXIMATE)

Ground Floor
Shop width 11.78m (max)
Shop depth 5.20m
Primary sales area
Smaller office
WC & key room

First Floor
Office 1
Office 2
Office 3
WC (on split level landing)

Second Floor
2 offices + kitchen (3 rooms)

TOTAL: 144.58m² / 1,556 Sq. Ft.